Categories: Social Media News

LTA extends EV schemes to achieve cleaner energy vehicles by 2024

SINGAPORE – The Land Transport Authority (LTA) and the National Environment Agency (NEA) will be extending and adjusting the Vehicular Emissions Scheme (VES) and Electric Vehicle Early Adoption Incentive (EEAI).

Before the extension, both schemes which offer rebates for electric vehicles (EVs) were due to expire in 2025.

In a Facebook post on Sept 8, LTA said the schemes have supported the increased adoption of cleaner energy vehicles in Singapore.

“To achieve our vision of 100 per cent cleaner energy vehicles by 2040, we’ll be extending and adjusting these schemes further,” it said.

VES will be extended from Jan 1, 2026, to Dec 31, 2027, with revised bands, rebates and surcharges. Only EVs will receive rebates.

EEAI will be extended till Dec 31, 2026, but with a lower cap of $7,500.

The $0 additional registration fee (ARF) floor for electric cars and taxis will be maintained till Dec 31, 2027.

Social Media Asia Editor

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